First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) Shares Shorted: Short Interest Up 358.6% in September

First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM – Get Free Report) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 13,885 shares, an increase of 358.6% from the August 31st total of 3,028 shares. Based on an average daily trading volume, of 13,561 shares, the short-interest ratio is currently 1.0 days. Currently, 1.5% of the shares of the stock are short sold.

Institutional Trading of First Trust Bloomberg Emerging Market Democracies ETF

Large investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. increased its position in shares of First Trust Bloomberg Emerging Market Democracies ETF by 40.0% in the second quarter. Envestnet Asset Management Inc. now owns 22,684 shares of the company’s stock worth $980,000 after purchasing an additional 6,485 shares during the period. NI Acquisitions Company LLC bought a new stake in First Trust Bloomberg Emerging Market Democracies ETF during the second quarter worth about $1,406,000. Finally, Compass Financial Management LLC bought a new stake in First Trust Bloomberg Emerging Market Democracies ETF during the second quarter worth about $2,853,000.

First Trust Bloomberg Emerging Market Democracies ETF Price Performance

NYSEARCA:EMDM traded up $0.48 during trading hours on Friday, reaching $42.73. 21,907 shares of the company were exchanged, compared to its average volume of 10,424. The company has a market capitalization of $40.59 million, a P/E ratio of 12.05 and a beta of 0.88. First Trust Bloomberg Emerging Market Democracies ETF has a 1-year low of $27.80 and a 1-year high of $45.03. The business has a 50 day moving average of $41.57 and a 200 day moving average of $40.46.

First Trust Bloomberg Emerging Market Democracies ETF Company Profile

(Get Free Report)

The First Trust Exchange-Traded Fun (EMDM) is an exchange-traded fund that mostly invests in total market equity. The fund follows a principles-based index of large- and mid-cap companies located in emerging market countries considered to have electoral democracy. Holdings are weighted based on a combination of governance score and market capitalization. EMDM was launched on Mar 2, 2023 and is managed by First Trust.

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